Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes inc ....Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes include transformed interdisciplinary understanding of financial decisions and significantly greater capacity for multidisciplinary collaboration. The findings will inform policy on promoting financial wellbeing and to mitigate the devastating effects of sudden economic shocks such as that of COVID-19.Read moreRead less
The Economics of Envy. Envy is persistent and universal. It may help explain why humans are relatively less hierarchical than other primate species and prone to egalitarianism. Envy may help explain the formation of political and social structures and taxation and redistribution policies. This project will examine how in-group and out-group bias, social/economic mobility, and luck versus ability exacerbate and mitigate social preference and when these factors result in destructive and/or constru ....The Economics of Envy. Envy is persistent and universal. It may help explain why humans are relatively less hierarchical than other primate species and prone to egalitarianism. Envy may help explain the formation of political and social structures and taxation and redistribution policies. This project will examine how in-group and out-group bias, social/economic mobility, and luck versus ability exacerbate and mitigate social preference and when these factors result in destructive and/or constructive envy. This investigation contributes to the understanding of envy and its behavioural manifestations. Understanding the correlates of social preferences and the resulting behaviour is important for developing policy to reduce destructive envy and encourage constructive envy. Read moreRead less
An economic study of charitable giving. This project aims to study the motivations for charitable giving and helping behaviour and how these motivations interact with external factors under different institutions.Recent data from 2015 show that charitable donations in Australia have fallen to a 30-year low. Although real GDP has increased, inequality has risen. Social norms and perceptions relating to disadvantaged people can influence donor motivations. The anticipated goal is to design initiat ....An economic study of charitable giving. This project aims to study the motivations for charitable giving and helping behaviour and how these motivations interact with external factors under different institutions.Recent data from 2015 show that charitable donations in Australia have fallen to a 30-year low. Although real GDP has increased, inequality has risen. Social norms and perceptions relating to disadvantaged people can influence donor motivations. The anticipated goal is to design initiatives that influence prosocial activities such as charitable giving, redistribution, refugee intake and migrant integration, and improve understanding of the underlying mechanisms of prosocial behaviour.Read moreRead less
Status seeking and economic behaviour. The project will look at the importance of status seeking behaviour for the health system, behavioural experiments, international growth, and labelling. The insights will be useful for optimal redistribution policies, international cooperation, and behavioural research.
The impact of income support design on the outcomes of children and youth. This project aims to assess how children from low-income families are affected by welfare policy design in Australia – specifically, by policy intended to influence welfare payment receipt and workforce participation of their parent(s). Causal impacts of policy design on children will be identified and evaluated using unique administrative and survey data, and treating recent welfare reforms in Australia as natural experi ....The impact of income support design on the outcomes of children and youth. This project aims to assess how children from low-income families are affected by welfare policy design in Australia – specifically, by policy intended to influence welfare payment receipt and workforce participation of their parent(s). Causal impacts of policy design on children will be identified and evaluated using unique administrative and survey data, and treating recent welfare reforms in Australia as natural experiments.. This will be the first comprehensive Australian analysis of intergenerational impacts of welfare policy design.Read moreRead less
The rate of time preference in choice experiments: A systematic re-analysis. This project intends to re-analyse data from over 20 years of past research to understand when and why people sometimes make short-sighted choices. Time preference is a core concept in both theoretical and applied economics and a key input in public policy, yet empirical understanding of it is poor. Almost all important decisions of households, businesses and government involve benefits and costs that unfold over time. ....The rate of time preference in choice experiments: A systematic re-analysis. This project intends to re-analyse data from over 20 years of past research to understand when and why people sometimes make short-sighted choices. Time preference is a core concept in both theoretical and applied economics and a key input in public policy, yet empirical understanding of it is poor. Almost all important decisions of households, businesses and government involve benefits and costs that unfold over time. Many economists have used decision-making experiments to study how people value the future and make trade-offs over time, but these have not reached any clear consensus. This project plans to systematically re-analyse primary data using state-of-the-art estimation techniques to generate new estimates of the discount rate for each study. These will then be analysed in a meta-regression analysis to identify the factors that cause discount rates to vary between studies.Read moreRead less
Posted prices, bargaining and auctions: an experimental examination. This project uses economic methods to investigate how trading institutions affect prices and efficiency. It examines markets with directed search: buyers visit sellers based on any information they have. Simultaneous buyer choices and sellers’ capacity constraints lead to “frictions” where not all profitable exchanges occur - more realistic than the usual “frictionless” assumption. The project will vary: whether sellers can pos ....Posted prices, bargaining and auctions: an experimental examination. This project uses economic methods to investigate how trading institutions affect prices and efficiency. It examines markets with directed search: buyers visit sellers based on any information they have. Simultaneous buyer choices and sellers’ capacity constraints lead to “frictions” where not all profitable exchanges occur - more realistic than the usual “frictionless” assumption. The project will vary: whether sellers can post prices in advance; and, whether and how negotiation occurs based on how many buyers (one vs two or more) visit a seller. The project will use results from auction, bargaining, game and search theories, and new analysis, to form predictions, which will be tested using experiments. The results should have implications for labour and competition policies.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE150100035
Funder
Australian Research Council
Funding Amount
$376,000.00
Summary
Affirmative action & its unintended effects: an experimental investigation. Affirmative action policies traditionally favour members of disadvantaged groups in labour markets such as women, elderly, and non-white. They are widely implemented internationally in employment, contracting, and education often despite a lack of knowledge about societal impacts. This project aims to use both field and laboratory experiments to study how individuals react to affirmative action and investigate sabotage, ....Affirmative action & its unintended effects: an experimental investigation. Affirmative action policies traditionally favour members of disadvantaged groups in labour markets such as women, elderly, and non-white. They are widely implemented internationally in employment, contracting, and education often despite a lack of knowledge about societal impacts. This project aims to use both field and laboratory experiments to study how individuals react to affirmative action and investigate sabotage, cooperation, and competition between disadvantaged and advantaged groups. The main hypothesis is that affirmative action can increase sabotage, harm cooperation and push competition in ways that endanger the well functioning of labour markets. This project aims to provide new insights for policy makers and managers on the relevance of unintended effects of affirmative action.Read moreRead less
Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and e ....Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and economic growth. The projects expected outcomes would contribute to the theoretical understanding of financial crisis and consequences in financial markets as well as the economy and public policy. In the longer term, the project should benefit the health of the financial system.Read moreRead less
Incentivizing Attendance and Performance at School: A Field Experiment. This project aims to develop and evaluate an incentive-based program to increase the school attendance and performance of Indigenous students to help alleviate current inequalities between Indigenous and non-indigenous Australians. Only 43 per cent of Indigenous Australians graduate from high school compared to 78 per cent for non-Indigenous Australians. The study plans to investigate whether high value rewards (e.g. driving ....Incentivizing Attendance and Performance at School: A Field Experiment. This project aims to develop and evaluate an incentive-based program to increase the school attendance and performance of Indigenous students to help alleviate current inequalities between Indigenous and non-indigenous Australians. Only 43 per cent of Indigenous Australians graduate from high school compared to 78 per cent for non-Indigenous Australians. The study plans to investigate whether high value rewards (e.g. driving licence instruction) are effective in incentivising year 11 and 12 students. It also aims to examine whether the way incentives are provided — ex-post as traditionally done or ex-ante in the form of a trust-based contract — increase high school completion rates of Indigenous students where previous incentive schemes have failed.Read moreRead less